Venture capitalists Nikhil Basu Trivedi, Elliott Robinson, and Dayna Grayson explain how startups can navigate down rounds and sustain team morale. Basu Trivedi cites Footwork’s recap of a struggling company that pivoted into restaurant subscription platform Table22, which later raises an $11 million Series A led by Lightspeed. Robinson describes cash bonuses tied to 60% revenue growth and additional executive equity as incentives. PitchBook data shows down rounds rise from 7.6% of deals in 2021 to 15.7% in the first half of 2024.
Nov 2024 · TechCrunchNews article
Heard Technologies grabs another $15M to develop therapist accounting tools
Heard Technologies raises $15 million in an extension of its Series A to build accounting and financial tools for therapists. Headline leads the round, with participation from GGV Capital and follow-on investment from existing investors; the funding brings Heard’s total raised to $26.3 million. The company plans to invest in automation and expand into practice formation, banking, and retirement services.